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Working On "Uniform Proposal" To Address Homebuyers' Grievances: Government
The top court had on asked the Centre to come out with a uniform proposal for all cases to resolve the difficulties being faced by lakhs of home buyers
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Jaypee Infratech Case: Tribunal To Hear All Parties On NBCC Bid On July 17
The decision comes as a ray of hope for Jaypee Infratech's distressed home buyers, who want NBCC to take over the bankrupt company and its assets
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NBCC "No More Interested" In Jaypee Infratech Acquisition: Report
Change in guard at NBCC has also impacted its approach towards the bankrupt Jaypee Infratech, people in the know of things said
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Jaypee Group Apologises To Homebuyers, Says Will Finish Pending Projects
In a fresh attempt to retain control over its realty arm Jaypee Infratech, crisis-hit Jaypee group's promoters Friday apologised to thousands of distressed home buyers and promised to infuse Rs 2,000 crore to complete pending apartments over the next four years.
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Can Pay 600 Crores If Allowed To Sell Assets, Says Jaiprakash Associates
Jaiprakash Associates Limited (JAL) has told the Supreme Court that it would deposit Rs 600 crore more to refund the home buyers if it was allowed to dispose of its identified assets, including a cement plant at Rewa in Madhya Pradesh.
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President Clears IBC Ordinance: Home Buyers To Find It Easier To Recover Dues From Developers
In a big step to protect home-buyers, changes to the Insolvency and Bankruptcy Code (IBC) will come into force with President Ram Nath Kovind signing off on the government's ordinance or special order. The Insolvency and Bankruptcy Code (Amendment) Ordinance aims at saving the buyers when builders declare bankruptcy in the middle of a real estate p...
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Deposit Money, Or Tihar Isn't Far, Supreme Court Warns Jaypee Group
The Supreme Court on Wednesday told Jaypee Associates to deposit Rs 125 crore as directed failing which it would be held in contempt of court and could land in Tihar Jail.
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Jaypee Group Targets Delivery Of 5,000 Flats By June
Jaypee group needs Rs 8,000 crore to complete incomplete flats, of which Rs 6,000 crore would come from home buyers while another Rs 2,000-2,500 crore needs to be infused
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Concerned Over 'Tears' Of Home Buyers, Says Supreme Court
The Supreme Court today expressed anguish over the "tears" of home buyers saying they cannot be "taken for a ride" by the builders, as it directed the Jaypee group to give Rs 50 lakh as interim compensation to its customers for delay in giving them possession.
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Handover Flats In Noida In 3 Months Or Face Action, Yogi Adityanath Tells Builders
Coming to the rescue of distressed home buyers of Noida and Greater Noida, the Uttar Pradesh government today directed builders to hand over 50,000 flats to customers in next three months or face action.
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IDBI Bank Moves Supreme Court In Jaypee Infratech Case
The Supreme Court had on Monday stayed insolvency proceedings against Jaypee Infratech at NCLT on a plea by some home buyers, who have neither got homes nor their money back and are seeking protection of their interest.
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Supreme Court To Hear Plea Of Jaypee Infratech Home Buyers On Thursday
The plea was filed by a flat buyer Chitra Sharma and 23 others seeking protection of their rights as flat buyers.
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Agitating Noida Homebuyers Can Seek Relief Under Insolvency Law: Jaitley
Hundreds of home buyers are in lurch after a plea for insolvency proceedings was admitted by NCLT against Jaypee Infratech for defaulting on Rs 526 crore loan.
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Amrapali Group Plans To Monetise Land Bank, Rope In Co-Developers
Besides Amrapali, developers like Jaypee Infratech and Unitech too are facing protests by home buyers over delayed projects.
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Government Considers Jaypee Assets Sale To Complete Ongoing Housing Projects: Report
Many home buyers had been left in lurch after insolvency proceedings were initiated against the realty company for defaulting on a Rs 526-crore loan.
-
Working On "Uniform Proposal" To Address Homebuyers' Grievances: Government
The top court had on asked the Centre to come out with a uniform proposal for all cases to resolve the difficulties being faced by lakhs of home buyers
-
Jaypee Infratech Case: Tribunal To Hear All Parties On NBCC Bid On July 17
The decision comes as a ray of hope for Jaypee Infratech's distressed home buyers, who want NBCC to take over the bankrupt company and its assets
-
NBCC "No More Interested" In Jaypee Infratech Acquisition: Report
Change in guard at NBCC has also impacted its approach towards the bankrupt Jaypee Infratech, people in the know of things said
-
Jaypee Group Apologises To Homebuyers, Says Will Finish Pending Projects
In a fresh attempt to retain control over its realty arm Jaypee Infratech, crisis-hit Jaypee group's promoters Friday apologised to thousands of distressed home buyers and promised to infuse Rs 2,000 crore to complete pending apartments over the next four years.
-
Can Pay 600 Crores If Allowed To Sell Assets, Says Jaiprakash Associates
Jaiprakash Associates Limited (JAL) has told the Supreme Court that it would deposit Rs 600 crore more to refund the home buyers if it was allowed to dispose of its identified assets, including a cement plant at Rewa in Madhya Pradesh.
-
President Clears IBC Ordinance: Home Buyers To Find It Easier To Recover Dues From Developers
In a big step to protect home-buyers, changes to the Insolvency and Bankruptcy Code (IBC) will come into force with President Ram Nath Kovind signing off on the government's ordinance or special order. The Insolvency and Bankruptcy Code (Amendment) Ordinance aims at saving the buyers when builders declare bankruptcy in the middle of a real estate p...
-
Deposit Money, Or Tihar Isn't Far, Supreme Court Warns Jaypee Group
The Supreme Court on Wednesday told Jaypee Associates to deposit Rs 125 crore as directed failing which it would be held in contempt of court and could land in Tihar Jail.
-
Jaypee Group Targets Delivery Of 5,000 Flats By June
Jaypee group needs Rs 8,000 crore to complete incomplete flats, of which Rs 6,000 crore would come from home buyers while another Rs 2,000-2,500 crore needs to be infused
-
Concerned Over 'Tears' Of Home Buyers, Says Supreme Court
The Supreme Court today expressed anguish over the "tears" of home buyers saying they cannot be "taken for a ride" by the builders, as it directed the Jaypee group to give Rs 50 lakh as interim compensation to its customers for delay in giving them possession.
-
Handover Flats In Noida In 3 Months Or Face Action, Yogi Adityanath Tells Builders
Coming to the rescue of distressed home buyers of Noida and Greater Noida, the Uttar Pradesh government today directed builders to hand over 50,000 flats to customers in next three months or face action.
-
IDBI Bank Moves Supreme Court In Jaypee Infratech Case
The Supreme Court had on Monday stayed insolvency proceedings against Jaypee Infratech at NCLT on a plea by some home buyers, who have neither got homes nor their money back and are seeking protection of their interest.
-
Supreme Court To Hear Plea Of Jaypee Infratech Home Buyers On Thursday
The plea was filed by a flat buyer Chitra Sharma and 23 others seeking protection of their rights as flat buyers.
-
Agitating Noida Homebuyers Can Seek Relief Under Insolvency Law: Jaitley
Hundreds of home buyers are in lurch after a plea for insolvency proceedings was admitted by NCLT against Jaypee Infratech for defaulting on Rs 526 crore loan.
-
Amrapali Group Plans To Monetise Land Bank, Rope In Co-Developers
Besides Amrapali, developers like Jaypee Infratech and Unitech too are facing protests by home buyers over delayed projects.
-
Government Considers Jaypee Assets Sale To Complete Ongoing Housing Projects: Report
Many home buyers had been left in lurch after insolvency proceedings were initiated against the realty company for defaulting on a Rs 526-crore loan.
